Brokers and Clients - Wheres the money ?

Here is an interesting story on brokers. I am not sure where is originated.

There is a story on Wall Street that tells of a recently retired elderly gentleman, who was receiving a tour of Wall Street. The tour guide pointed to the East River and said, "There are the yachts of the powerful brokers who work on The Street". The wise man thought for a while and then replied, "That's very impressive, now can you show me where are all the yachts of their clients?"

The morale of this story is that your broker may try to be your friend but he is only doing it for his commission. A lot of people rely on broker advice for buying and selling shares rather than relying on their own analysis. You really need to conduct your own analysis otherwise how can you feel comfortable in owning the share.

Good Luck Investing...